8 Companies Increasing Dividends

Deere, Nordstrom among this week's payout-hiking performers

   

Companies Increasing DividendsDespite the large number of companies announcing earnings during the week, activity on the dividend front was somewhat quiet. Indeed, the perhaps the most anticipated dividend announcement — an increase from Apple (NASDAQ:AAPL) — didn’t come to pass.

However we still saw eight companies made it onto our list of Companies Increasing Dividends list this week. (Note: All dividend yields are as of March 1.)

Financial services provider Bank of Montreal (NYSE:BMO) raised its quarterly dividend 2.7% to 74 cents per share, payable May 28 to shareholders of record on May 1.
BMO Dividend Yield: 4.74%

Property and casualty insurance company Chubb (NYSE:CB) raised is quarterly dividend 7.3% to 44 cents per share, payable April 2 to shareholders of record on March 15. This marks the Dependable Dividend Stock’s 31st consecutive annual increase.
CB Dividend Yield: 2.09%

Oil and gas exploration company Cimarex (NYSE:XEC) raised its quarterly dividend 17% to 14 cents per share, payable June 3 to shareholders of record as of May 15.
XEC Dividend Yield: 0.86%

Regional bank stock DNB Financial (NASDAQ:DNBF) raised its quarterly dividend 40% to 7 cents per share, payable March 20 to shareholders of record as of March 8.
DNBF Dividend Yield: 1.67%

Agriculture and construction equipment maker Deere & Co. (NYSE:DE) raised its quarterly dividend 11% to to 51 cents per share, payable May 1 to shareholders of record on March 28.
DE Dividend Yield: 2.33%

Closed-end investment company Hercules Technology Growth Capital (NASDAQ:HTGC) raised its quarterly dividend 4% to 25 cents per share, payable March 19 to shareholders of record as of March 11.
HTGC Dividend Yield: 7.88%

Upscale retailer Nordstrom (NYSE:JWN) raised its quarterly dividend 11% to 30 cents per share, payable March 22 to shareholders of record at the close of business on March 11.
JWN Dividend Yield: 2.22%

Regional bank stock WesBanco (NASDAQ:WSBC) raised its quarterly dividend 5.56% to 19 cents per share, payable April 1 to shareholders of record on March 15.
WSBC Dividend Yield: 3.25%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities. For more payout winners see previous weeks’ lists of Companies Increasing Dividends.


Article printed from InvestorPlace Media, http://investorplace.com/2013/03/8-companies-increasing-dividends-feb-25-march-1-jwn-de/.

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